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The $40m pledge is thought to be the first commitment to a global timber and farmland vehicle by South Korean investors.
Trade groups and the USDA expressed hope that the next step will be an agreement to limit the geographic scope of bans that come in response to future bird flu outbreaks.
Local government ministries in the country are setting up a fund that will back start-ups focused on the biotechnology sector.
The venture capital firm backed by Korean messenging app giant Daum Kakao is moving into controlled environment farming with its new deal.

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